Principals

James A. Stolpestad founded the Exeter real estate business in 1991 and is currently Senior Principal with the company and its legacy affiliates. He previously was a commercial real estate attorney in private practice with a national law firm based in the Twin Cities, following positions as Special Assistant Minnesota Attorney General and Attorney with the U.S. Department of Housing & Urban Development. He has a JD degree from the University of Minnesota's Law School and a BA degree in History from its College of Liberal Arts. Jim has been active in civic and community organizations in the Twin Cities over the years, has been named an Alumni of Notable Distinction by the College of Liberal Arts, and has won a national book award for his most recent publication on urban redevelopment.

Robert W. Stolpestad is Chief Financial Manager and Managing Principal of Exeter Group LLC and its affiliates. He joined the company in 1993 and has experience in all aspects of the commercial real estate business, including entitlements, finance, development, leasing, and sales. Rob currently has oversight for accounting, treasury, financial planning, and personnel for the company and supervises sourcing, closing, and managing project financing, including historic rehabilitation and new market tax credit programs. He has a MBA degree in Finance and International Business from the University of Minnesota’s Carlson School of Management, a Certificate of International Business from the Vienna (Austria) School of Economics, and a BA degree in History and Political Science from Northwestern University. Rob is a licensed Minnesota real estate broker, has been involved in community activities over the years, and is an occasional speaker at commercial real estate financing programs.

Thomas M. Nelson is Chief Investment Manager and Principal of Exeter Group LLC. He joined the company in 2009, has extensive experience in project finance and management, and is currently involved in investor relations, real estate entitlements, finance, and development. Tom oversees strategic planning, historic reviews and approvals, project design, and construction management. He began his commercial real estate career more than 25 years ago with the Eberhardt Company in Minneapolis, and continues to manage family multi-family properties. Tom has a BA degree from the University of Vermont, has been involved in various community and civic activities in the Twin Cities over the years, and is a licensed Minnesota real estate broker.

Herbert W. Tousley IV is Chief Development Manager and Principal of Exeter Group LLC. He joined the company in 2003 as a financial analyst and since has assumed the responsibilities for many of the company’s real estate development activities, including entitlements, project design, and construction oversight. He also has a lead role in retail and office leasing and is part of the team providing real estate advisory services to third parties. Herb has an MBA degree in Finance from the University of Minnesota’s Carlson School of Management and a BA degree in Finance from the University of St. Thomas. He is a licensed real estate agent with the State of Minnesota.

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